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NDX (NASDAQ 100) - It is in 3rd of 5th of 3rd wave, so stay long as it is the only index outperforming most in US market.
Singapore MSCI (SGP1!) - It has completed WXY double zigzag correction, which is qqual in distance. So next price action would be possibly choppy as ABC correction expected. Overall its weak market compared to other Asian markets. So stay bearish once it completed three wave bounce.
Taiwan Weighted (TAIEX) - It is the strongest market in the world, which made new high above previous daily high after vicious fall in Corona Pandemic. The move up is easily classified in impulse and seems completed. As its a strongest one, it can make a new high within correction.
Nifty50 (Nifty) - It is in choppy correction upside as (X) wave up, which should unfold in ABC or wxy. so stay bullish. It may possible to make a new high too.
For historical analyses of World Indices, please click here.
8/1/2020
SPX (SPX - NYSE) - it is within 3rd of 5th of 5th wave up, so stay long above 2nd wave low.
NDX (NASDAQ 100) - It is in 3rd of 5th of 3rd wave, so stay long as it is the only index outperforming most in US market.
Shanghai Composite (SHCOMP SSEC) - It is in 5th of 3rd wave up in 2 hr time frame. Stay long above the invalidation level for new high as target. It will end the 3rd wave at new high.
Singapore MSCI (SGP1!) - It has completed WXY double zigzag correction, which is qqual in distance. So next price action would be possibly choppy as ABC correction expected. Overall its weak market compared to other Asian markets. So stay bearish once it completed three wave bounce.
Taiwan Weighted (TAIEX) - It is the strongest market in the world, which made new high above previous daily high after vicious fall in Corona Pandemic. The move up is easily classified in impulse and seems completed. As its a strongest one, it can make a new high within correction.
Nifty50 (Nifty) - It is in choppy correction upside as (X) wave up, which should unfold in ABC or wxy. so stay bullish. It may possible to make a new high too.
For historical analyses of World Indices, please click here.
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